Larry Williams' 1.28 breakout (for Trade Station) One Point Two Eight Indicator (Total size: 20.6 MB Contains: 1 folder 10 files)

I've been toying with the concept of volatility breakouts ever since reading about Larry Williams' success quite some years ago and a very interesting article by Linda Bradford Ratchke.
I've always been a discretionary trader and avoided EAs but I feel perhaps it's time to try something new.

Here's my idea for a simple volatility breakout and I'd like productive, constructive input from others. If anyone is able to code an EA that would be great!

General Idea: to take a chunk out of intraday trends.

Timeframe: 15 minute charts,
Currency: EUR/USD

Go Long at the open of the next bar if:
- the current bar closes at least 5 pips above the previous bar's high, and
- the current bar closes above the high of the previous 5 bars, and
- the current bar's close is higher than the high 12 bars ago.


Take Profit = 15 pips, Stop Loss =15 pips. Only have 1 trade open at a time.

Reverse above entry criteria for shorts.

Description:

This is the Larry Williams One Point Two Eight Indicator. Predicts pivots based on a 1.28 or other ratio.

NOTE: Input "VHELP" is used to displace predicted pivot vertically not to hide Known Pivot. 

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Completing units:

Larry Williams' 1.28 breakout (for Trade Station) One Point Two Eight Indicator (Total size: 20.6 MB Contains: 1 folder 10 files)

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